Examlex
Which statement best summarizes the story of Canadian Killinger-Johnson and her baby?
Utmost Good Faith
A legal doctrine requiring all parties to a contract, especially in insurance, to act honestly and disclose all relevant facts.
Business's Reputation
A business's reputation is the public perception or regard for a company, significantly influencing its success by affecting customer trust and loyalty.
Agency-by-Necessity
A situation in which one party (the agent) is empowered to act for another party (the principal) under emergency circumstances, without prior authorization.
Modern Economy
The current state of economic systems that are characterized by advanced technology, global trade, and complex financial markets.
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